L3VLUP
Quarter end
31 Dec 2025
the date the book describes
Filed
27 Oct 2026
latest of these filings; the earliest 10 Feb 2026
Managers listing it
31
at least, of 95 tracked, among listed positions
Comparable managers
92
filed both Q3 2025 and Q4 2025; 9 listed it in both
Shares listed
13,578,156
combined, among listed positions
Reported value
$1.5bn
combined, at the quarter end

Among the 92 comparable managers: 15 buyers (opened or added shares) and 19 sellers (trimmed or exited), at least, among listed positions. Their net change in shares was -1,372,480.

Managers listing AFL in Q4 2025

Share of 13F value is the position’s reported value over everything the manager reported that quarter. The share change is against Q3 2025, and only where both filings list the position. A rise in value with no rise in shares is the price, not buying.

31 of 31 holders

ActionFiling
Invesco Ltd3,747,696$413munder 0.1%Trimmed-28,63319 Feb 2026 (the filing on sec.gov)
AQR Capital Management LLC1,409,114$155m0.08%Added+145,02417 Feb 2026 (the filing on sec.gov)
Fidelity (FMR LLC)1,360,762$150munder 0.1%Trimmed-306,26317 Feb 2026 (the filing on sec.gov)
Marshall Wace LLP1,111,711$123m0.11%Added+885,14113 Feb 2026 (the filing on sec.gov)
AllianceBernstein LP1,052,486$116munder 0.1%Trimmed-99917 Feb 2026 (the filing on sec.gov)
T. Rowe Price Associates Inc801,657$88munder 0.1%Trimmed-23,20517 Feb 2026 (the filing on sec.gov)
Two Sigma Investments LP627,183$69m0.10%Trimmed-26,67017 Feb 2026 (the filing on sec.gov)
Arrowstreet Capital LP592,176$65munder 0.1%Added+489,07213 Feb 2026 (the filing on sec.gov)
Millennium Management LLC530,475$58munder 0.1%Trimmed-236,37317 Feb 2026 (the filing on sec.gov)
Jane Street Group LLC501,698$55munder 0.1%Trimmed-647,42312 Feb 2026 (the filing on sec.gov)
Freestone Grove Partners LP294,119$32m0.23%Newnew17 Feb 2026 (the filing on sec.gov)
Citadel Advisors LLC247,295$27munder 0.1%Trimmed-668,98317 Feb 2026 (the filing on sec.gov)
Walleye Capital LLC209,515$23m0.07%Added+206,53813 Feb 2026 (the filing on sec.gov)
Susquehanna International Group LLP185,434$20munder 0.1%Added+62,87817 Feb 2026 (the filing on sec.gov)
Man Group PLC161,237$18munder 0.1%Added+8,75517 Feb 2026 (the filing on sec.gov)
Two Sigma Advisers LP152,600$17munder 0.1%Trimmed-143,88917 Feb 2026 (the filing on sec.gov)
Renaissance Technologies LLC138,500$15munder 0.1%Trimmed-626,50012 Feb 2026 (the filing on sec.gov)
Neuberger Berman Group LLC95,312$11munder 0.1%Added+1,08827 Oct 2026 (the filing on sec.gov)
Brevan Howard Capital Management LP93,951$10m0.11%Added+6,63217 Feb 2026 (the filing on sec.gov)
D. E. Shaw & Co.73,116$8.1munder 0.1%Trimmed-617,95417 Feb 2026 (the filing on sec.gov)
Janus Henderson Group Ltd61,317$6.8munder 0.1%Added+95217 Feb 2026 (the filing on sec.gov)
Bridgewater Associates LP47,955$5.3munder 0.1%Newnew13 Feb 2026 (the filing on sec.gov)
Tudor Investment Corp20,894$2.3munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Balyasny Asset Management LLC16,105$1.8munder 0.1%Newnew17 Feb 2026 (the filing on sec.gov)
Squarepoint Ops LLC12,571$1.4munder 0.1%Trimmed-69,04913 Feb 2026 (the filing on sec.gov)
Page 1 of 2

Largest increases and reductions, by shares

Q3 2025 to Q4 2025, among managers that listed it in both quarters or opened it.

Increases

Reductions

New positions and exits

At least these many: a manager is shown exiting only where its own filing shows the position gone.

Ownership over time

Every quarter on file. A quarter-end value moves with the price as well as with the shares held; buyers and sellers count comparable managers, by shares.
8 in Q3 2024 to 6 in Q2 2026

Tracked managers listing it, at least.

051015202014201620182020202220242026
the quarter shown share split complete books; unmarked quarters rest on listed positionsClick a quarter to open it.
AFL by quarter
QuarterHoldersReported valueBuyersSellers
Q2 201313$1.8bnn.a.n.a.
Q3 201311$2.1bnn.a.n.a.
Q4 201313$2.4bnn.a.n.a.
Q1 201418$2.5bnn.a.n.a.
Q2 201418$2.4bnn.a.n.a.
Q3 201417$2.2bnn.a.n.a.
Q4 201411$1.9bnn.a.n.a.
Q1 201513$1.9bnn.a.n.a.
Q2 201515$1.8bnn.a.n.a.
Q3 201516$1.7bnn.a.n.a.
Q4 201511$1.7bnn.a.n.a.
Q1 201614$1.7bnn.a.n.a.
Q2 201612$1.9bnn.a.n.a.
Q3 201615$1.7bnn.a.n.a.
Q4 201612$1.8bnn.a.n.a.
Q1 201712$1.8bnn.a.n.a.
Q2 201713$2.2bnn.a.n.a.
Q3 201714$2.2bnn.a.n.a.
Q4 201711$2.3bnn.a.n.a.
Q1 201814$2.0bnn.a.n.a.
Q2 201813$2.1bnn.a.n.a.
Q3 201815$2.0bnn.a.n.a.
Q4 201811$1.6bnn.a.n.a.
Q1 201912$1.7bnn.a.n.a.
Q2 20199$1.8bnn.a.n.a.
Q3 201911$1.6bnn.a.n.a.
Q4 201910$1.2bnn.a.n.a.
Q1 202012$500mn.a.n.a.
Q2 202014$597mn.a.n.a.
Q3 202012$472mn.a.n.a.
Q4 20209$880mn.a.n.a.
Q1 20218$895mn.a.n.a.
Q2 20216$943mn.a.n.a.
Q3 20217$1.1bnn.a.n.a.
Q4 20216$1.2bnn.a.n.a.
Q1 202211$1.8bnn.a.n.a.
Q2 202212$1.3bnn.a.n.a.
Q3 202210$1.2bnn.a.n.a.
Q4 202212$1.1bnn.a.n.a.
Q1 20239$830mn.a.n.a.
Q2 20237$779mn.a.n.a.
Q3 20235$795mn.a.n.a.
Q4 20236$854m42
Q1 20246$905m51
Q2 20245$825m14
Q3 20248$1.1bn44
Q4 20245$904m15
Q1 20257$680m43
Q2 202511$959m93
Q3 202510$1.1bn74
Q4 202511$1.0bn1519
Q1 20267$785m1516
Q2 20266$915m1513

Compare with…

Holders over time, buyers and sellers, and the managers holding both, side by side for up to four stocks.

AFL and V →AFL and AXP →AFL and BAC →Choose a stock to compare with AFL →

How much of the picture this is

A 13F is a manager’s long US-listed equity book at a quarter end, filed up to 45 days later. It shows no shorts, cash, bonds or performance, and it is never today’s portfolio. Large books are listed to their largest positions, so a manager missing from this table may still hold a small position below that line. These are 95 tracked managers, not the institutional market.

Which funds own AFL, latest filings →Back to the 13F Explorer →